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The 1992 Indian stock market scam was a market manipulation carried out by Harshad Mehta with other bankers and politicians on the Bombay Stock Exchange.The scam caused significant disruption to the stock market of India, defrauding investors of over fifteen million USD.
Harshad Shantilal Mehta (29 July 1954 – 31 December 2001) was an Indian stockbroker, businessman, and convicted fraudster. Mehta's involvement in the 1992 Indian securities scam (about ₹ 30,000 crore (equivalent to ₹ 2.3 trillion or US$27 billion in 2023)) led him to gain infamy for market manipulation.
1992 Indian stock market scam [6] 1992 Stamp paper scam; 1992 Ajmer rape case; 1996 Disproportionate assets case against Jayalalithaa [7] [8] 1997 Tatra Truck scam; 1997-2006 Jalgaon housing scam [9] 1998 Anubhav Plantations; Ice cream parlour sex scandal; Purulia arms drop case; Palmolein Oil Import Scam; Hawala scandal; SNC-Lavalin Kerala ...
Based on the 1992 Indian stock market scam committed by many stockbrokers including Harshad Mehta, the series is adapted from journalist Sucheta Dalal and Debashish Basu's 1992 book The Scam: Who Won, Who Lost, Who Got Away. [2] The screenplay and dialogues were written by Sumit Purohit, Saurabh Dey, Vaibhav Vishal and Karan Vyas.
She was the Financial Editor for the Times of India until 1998 when she joined the Indian Express group as a Consulting Editor, leaving in 2008. She is known for exposing the 1992 stock market scam done by Harshad Mehta. In 2006, she began to write for Moneylife, a fortnightly magazine on investment started by her husband Debashis Basu.
India’s Ellipsis Entertainment, following acclaim for “Do Aur Do Pyaar” and “Sharmajee Ki Beti,” is set to produce a film based on a notorious fraud. The untitled project will delve into ...
He was also the RBI Governor during 1992 Indian stock market scam also sometimes referred to as the Harshad Mehta scam, after the principal accused. The incident was called a failure of the country's securities markets. [14] After retirement, Venkitaramanan served as the Chairman of Ashok Leyland Investment Services Ltd.,
After economic liberalization in India in 1991, the stock market saw a number of cycles of booms and busts, some related to scams such as those engineered by players such as Harshad Mehta and Ketan Parekh, some due to global events and a few due to circular trading, rigging of prices and the irrational exuberance of investors leading to bubbles ...